OfflineI have a Question, That I just cant come up with the Answer so Im asking for help from you guys...
I have a Buyer that Has $3 million to spend on Apartment in Texas..Now I also know that the Agent cant pay me, and I might have to have the buyer pay me on the side for a Fee..What Im asking is How do I figure out How much I get paid.Do I get paid a % or should I add money on the Price..If I add money to the price how much do I add..Or How much % do I get
I hope this is clear enough to read and understand
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How much is the property? If its 3 million then your fee is 50%.
Donald
Myers Real Estate Solutions
Donald Myers
The cost of the Property Im going to send him is $1.5
if this is someone you have faith in, request 3%
Make sure its in writing; no such thing as an oral contract in RE
My Broker told me that they cant pay me that I have to have the buyer puy me.
How do I handle this
How do I handle this
you should always speak with your buyer and let them know "I normally get a 2-3% fee when I find my buyers properties".
if they've done investing, it should be no issue. They might ask to only pay you 1%, but that's on you to accept or not. I'd go with it, build up your rep as a finder they can't do without and then raise your asking price.
Hope it helps
it depends... is this a buyer that you will keep making deals with? if so, then don't be greedy with your fee and he will come back for more properties from you. I think that a 1% fee would be fair...
Are you going to assign the contract for a fee? Or are you asking him for a birddog fee?
Either way, the buyer will know how much you are getting paid...
Here's a birddog agreement...
http://www.biggerpockets.com/forms/bird-dog-agreement.pdf
wishing you success,
Valerie
Valerie
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Ok Here is the Deal..My Buyer has a Client that will be the buyer..So Im finding the Deal for my Buyer and they will sell the Property to there buyer
You might need to do a little more homework on the property, especially on a commercial property like an apartment complex. You will need to get all the numbers together, Cap rate, monthly expenses by owner, get your net operating income, all of these in order to justify your final sales price to the end buyer. If you have enough room in your negotiation with the current owner, then you can play with your finder's fee with the end buyer. That's my suggestion. Tom
Tom and Jeri
www.TuCasaInvestors.com
www.TuCasaRealtyllc.com
Whatever fee he is supposed to pay you, he will offset when he then sells it to the next party
Yes he will be a repeat buyer..He is also Looking CA for Apartment but he will have more money there..$3-$10 Million..Also My Buyer is buying for herself but she has Buyers also So I have alot to do for them
get those checks
since you actually found the property...I would run that by him it sounds like the only fair way so you don't lose out.
Thanks Guys for the in put..I just know Im not sending them the Property until I know who is paying me
Is there anyone else that has a Good answer for me...Im still thinking on this deal
Don't over think this; you've been given pretty good advice.
Make the deal, accept your fee, and find him more deals.
Sorry..I am over Thinking it.Im doing it i think cuz it is so much money on the line..I will just do it..Thank you
Don't be afraid of the money. Its all the same, just more zeros tacked on.
I second elixbrown, GO GET THAT DEAL DONE!
RENinja
"Remember, success is a journey, not a destination.
Have faith in your ability."
Bruce Lee